Jan. 18, 2007 (China Knowledge) – The Export-Import Bank of China (China Eximbank) is studying the RMB market in Hong Kong so as to decide if RMB-denominated bonds can be issued on the Hong Kong Stock Exchange.

Market observers are now expecting the three policy banks – China Development Bank, Agricultural Development Bank of China and China Eximbank – to be the first few financial institutions to launch RMB-denominated bonds.

The central government granted approval to Mainland financial institutions to offer RMB bonds last week, and this is seen as a long-awaited move that is expected to further bolster Hong Kong's role as a platform for the RMB business.